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Jan 31, 2013
01/13
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. >>> and this afternoon, the senate decides whether to raise the debt ceiling for the next few months. in the bill, an interesting provision that would hold the senators' pay if they failed by february 15th. >> the midwest is trying to dig out. what else you got? and there's more. >> wait till you see the windchills in north dakota this morning. ugly. let's start with the bad weather. over 500 reports of severe weather over the last 48 hours. now the high winds and maybe even a quick rumble of thunder is trying to roll through new jersey and head up into new england. the storms are flying, that's the good news. baltimore, maryland, washington, d.c., you're done with the heavier rains. you'll see the line through new jersey, it's heading right over top of new york city and up into connecticut and the hudson valley. this is that enhanced line here as it moves to the north. and this is just a huge system, and we're going to continue to see the winds cranking for the next 24 to 48 hours over the eastern seaboard. winds are pretty light, but boston, wind gusts of 49, hartford, 41. the wind
. >>> and this afternoon, the senate decides whether to raise the debt ceiling for the next few months. in the bill, an interesting provision that would hold the senators' pay if they failed by february 15th. >> the midwest is trying to dig out. what else you got? and there's more. >> wait till you see the windchills in north dakota this morning. ugly. let's start with the bad weather. over 500 reports of severe weather over the last 48 hours. now the high winds and maybe...
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Jan 31, 2013
01/13
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KNTV
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. >>> and this afternoon, the senate decides whether to raise the debt ceiling for the next few months. in the bill, an interesting provision that would hold the members' pay if they failed to pass the budget by february 15th. >>> all right, tornados tearing through the south and the midwest is digging out. bill karins is sorting through this for us. >> unfortunately we had the first tornado fatality in this country in about 220 days. that had been a record. the story this morning is what's happening behind this storm that's exiting the northeast this morning. the windchills and the cold, i mean, winter has returned with a fury. it is like winter was mad at the big warm up we had a couple days ago. minus windchill of 32 in fargo. a couple spots are close to minus 50 in north dakota. a little bit of cold air in billings, but the air is not going to make it through all of the rockies. we are looking very quiet behind this big storm as we are watching cool conditions and snow flurries in the midwest. they went flying across the country. there will be major airport delays in the northeast
. >>> and this afternoon, the senate decides whether to raise the debt ceiling for the next few months. in the bill, an interesting provision that would hold the members' pay if they failed to pass the budget by february 15th. >>> all right, tornados tearing through the south and the midwest is digging out. bill karins is sorting through this for us. >> unfortunately we had the first tornado fatality in this country in about 220 days. that had been a record. the story...
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but let's assume because the debt ceiling doesn't kick in till august, i believe that's what we'll have, but let's add these together. let's say you're right, 30 billion. but let's -- jobs overseas, we can dial that however we want because it's all -- a huge loss of revenue, corporate jets, tehre are all kind of things that are low-hanging fruit. >> you've heard the republicans across the board here. they're saying they're done with revenues for 2013. >> george, the american people are on our side. the american people don't believe in these austere things. we believe that the rich should contribute. we believe we should fill those tax loopholes, get rid of them, i should say, and that's where we need to go. >> but that's a debate that's been had, as you know, for the last couple of months, last couple of years and doesn't appear it will get solved next month so the sequester will hit. >> george, that's what they said two or three days before the fiscal cliff. no revenue. well, we got about $700 billion in revenue. there's still more we can do. >> are you saying that for -- to lift the s
but let's assume because the debt ceiling doesn't kick in till august, i believe that's what we'll have, but let's add these together. let's say you're right, 30 billion. but let's -- jobs overseas, we can dial that however we want because it's all -- a huge loss of revenue, corporate jets, tehre are all kind of things that are low-hanging fruit. >> you've heard the republicans across the board here. they're saying they're done with revenues for 2013. >> george, the american people...
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Jan 31, 2013
01/13
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WRC
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the senate will decide whether to put off the debate over the debt ceiling until spring. it will vote on a bill to allow government to keep borrowing money without congress' permission until the middle of may. the house already passed the legislation. president obama said he will sign it if the senate fails -- rather, if it fails in the senate. the treasury warns the government may not be able to pay its bills in a matter of weeks. >>> 4:34. chuck hagel will tell a senate committee why he should be the next defense secretary. the senate armed services committee will hold hagel's confirmation hearing. the former republican senator and vietnam veteran will likely face tough questions, especially about his stance on israel and iran. he prepared by meeting privately with more than 50 senators and leaders of public interest groups. >>> right now, vice president biden is preparing for his first trip overseas for the obama administration's second term. he leaves today for europe. the white house says he'll visit germany, france, and the u.k. the vice president's first stop will
the senate will decide whether to put off the debate over the debt ceiling until spring. it will vote on a bill to allow government to keep borrowing money without congress' permission until the middle of may. the house already passed the legislation. president obama said he will sign it if the senate fails -- rather, if it fails in the senate. the treasury warns the government may not be able to pay its bills in a matter of weeks. >>> 4:34. chuck hagel will tell a senate committee why...
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Feb 5, 2013
02/13
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KPIX
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the measure will suspend the $16.4 trillion debt ceiling until the middle of may. the bill also requires members of the house and senate to pass a budget by mid-april or risk having their own pay withheld. >>> the dow's bounce above 14,000 didn't last long. worry about europe dragged the market down yesterday, the biggest losses of the year. the dow was down 129. the nasdaq lost 48. in the previous session, the dow had hit its highest level in years. >>> the u.s. government plans to file a civil lawsuit against the ratings agency standard & poor's. the suit accuses the firm of giving high ratings to risky mortgage bond and led to the 2008 financial crisis. s&p says the suit is without merit. >>> medical marijuana has been legal in california since 1996. but now some cities are banning the dispensaries. a ruling will soon determine how far state law can go to protect their right to do business. the state supreme court will hear arguments today on whether local governments can ban them. right now about 200 cities and counties ban medical marijuana dispensaries, three
the measure will suspend the $16.4 trillion debt ceiling until the middle of may. the bill also requires members of the house and senate to pass a budget by mid-april or risk having their own pay withheld. >>> the dow's bounce above 14,000 didn't last long. worry about europe dragged the market down yesterday, the biggest losses of the year. the dow was down 129. the nasdaq lost 48. in the previous session, the dow had hit its highest level in years. >>> the u.s. government...
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we are not going to have a debt ceiling default crisis and we're not going to have a government shut down. we'll have sequester for a few months, but i think these great epic struggles that worry the markets are starting to fade as a strategic policy. >> do you think it happens, greg? >> for a while, yeah. i think on march 1 we begin at least on defense and discretionary spending. if there's enough squawking maybe by late spring, early summer it gets undone. we'll have that. still some head winds. there is this and the higher payroll tax. maybe first rate growth is a little slow but by the second half, things could be looking much better. >> this week, we moved closer to the unthinkable. the sequester that president obama promised us would never happen. listen just a few months ago. >> first of all, the sequester is not something that i proposed. something that congress has proposed. it will not happen. >> i don't know, that could be the one election promise the president fails to keep. the sequester a part of the decision on march 1st. what happens if the sequester happens? >> well,
we are not going to have a debt ceiling default crisis and we're not going to have a government shut down. we'll have sequester for a few months, but i think these great epic struggles that worry the markets are starting to fade as a strategic policy. >> do you think it happens, greg? >> for a while, yeah. i think on march 1 we begin at least on defense and discretionary spending. if there's enough squawking maybe by late spring, early summer it gets undone. we'll have that. still...
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Jan 29, 2013
01/13
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FBC
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that pushes the debt ceiling to may 18th. the back end of number of cliffs upcoming in the calendar. look here at the government deadlines the congress and white house are facing right now. first, march 1st are the automatic spending cuts known as the sequester. they begin to hit the federal budget. that is something that takes place over the course of the year and is gradual. march 27th, that is when government spending runs out. or a large chunk of it. if there is no agreement on that, that could shut down the federal government. you're looking at debt ceiling all the way on may 18th. congressional aides saying treasury is telling them pause of extraordinary measures they can use, this pushes the debt ceiling day back to sometime this summer perhaps if this is a bill that clears congress and the senate is going to consider it the next couple of days and likely it does pass of the because the debt ceiling is pushed off and the next real fast deadline is march 27th, that government spending deadline, analysts say that increas
that pushes the debt ceiling to may 18th. the back end of number of cliffs upcoming in the calendar. look here at the government deadlines the congress and white house are facing right now. first, march 1st are the automatic spending cuts known as the sequester. they begin to hit the federal budget. that is something that takes place over the course of the year and is gradual. march 27th, that is when government spending runs out. or a large chunk of it. if there is no agreement on that, that...
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Feb 2, 2013
02/13
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we are not going to have a debt ceiling default crisis. we're not going you have to a government shutdown. yeah, we'll probably have sequester for a few months. but i think these great epic struggles that worried the markets are starting to fade as a strategic policy. >> do you think we veal the sequester? do you think it happens, greg? >> for a while, yeah. i think on march 1 we begin at least on defense and discretionary spending. if there's enough sidewalking maybe by late spring, early sum eshg it gets undone. we'll have that. there's still some headwinds. there's this and the higher payroll tax. maybe first-half growth would be a little slow but i think the storm is sending us a message that by the second half things could be looking much better. >> this week, austin, we moved closer to the automatic across the board spending cuts, the sequester that president obama promised us would never happen. listen a few months ago. >> first of all, the sequester is not something that i propose, it's something congress has po pro-posed. it will
we are not going to have a debt ceiling default crisis. we're not going you have to a government shutdown. yeah, we'll probably have sequester for a few months. but i think these great epic struggles that worried the markets are starting to fade as a strategic policy. >> do you think we veal the sequester? do you think it happens, greg? >> for a while, yeah. i think on march 1 we begin at least on defense and discretionary spending. if there's enough sidewalking maybe by late...
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Feb 4, 2013
02/13
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MSNBC
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. >> i will not negotiate around the debt ceiling. they will not collect a ransom in exchange for not crashing the american economy. ordinary folks, they do their jobs. the notion that our elected leadership can't do the same thing is mind boggling to him. it needs to stop. >> this is not a complicated concept. >> he's standing strong. and that's making it even harder for an already divided gop to regroup. take exhibit a. earlier today, tagg romney's name was floated as a possible gop senate candidate in massachusetts. he's since bowed out. guess he saw what happened to the last romney. . >>> and then there's this. gop donors are turning to karl rove to help weed out far right candidates in upcoming races. really? isn't he the guy who blew $300 million in the last election? whose super pac had a 1% success rate? yeah, that guy. and, boy is the tea party upset. freedom works slammed rove's group saying the empire is striking back. calling him orwellian. it's full-on gop warfare. it's gop civil war. joining me now is michael steele and
. >> i will not negotiate around the debt ceiling. they will not collect a ransom in exchange for not crashing the american economy. ordinary folks, they do their jobs. the notion that our elected leadership can't do the same thing is mind boggling to him. it needs to stop. >> this is not a complicated concept. >> he's standing strong. and that's making it even harder for an already divided gop to regroup. take exhibit a. earlier today, tagg romney's name was floated as a...
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Jan 31, 2013
01/13
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WRC
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it is set to vote on a bill to athe debt ceiling to keep going up through the middle of may had a would delay the ex-penned showdown between democrats and republicans over spending cuts. the house passed a bill last week. >>> president obama says he will sign it if it passes in the senate. >>> we are still following a developing story out of alabama. a-year-old boy is being held hostage and is now going on three days. here is what we know. 63-year-old man boarded a school bus tuesday after fatally shooting the bus driver. he grabbed the 5-year-old sxwoy pled the scene. police tracked the man down but says he has been holding the child hostage for more than 30 hours. neighbors of the man describe him as a loner and survivalist who distrust it is government. you can count on news4 for updates it is a story continues to unfold. >>> metro says it may need to review its procedures with d.c. fire after a chaotic evening commute. an insulator started smoking on the green line and the emergency responder cut the wrong electricity source. that left two trains stopped for hours between the anacos
it is set to vote on a bill to athe debt ceiling to keep going up through the middle of may had a would delay the ex-penned showdown between democrats and republicans over spending cuts. the house passed a bill last week. >>> president obama says he will sign it if it passes in the senate. >>> we are still following a developing story out of alabama. a-year-old boy is being held hostage and is now going on three days. here is what we know. 63-year-old man boarded a school bus...
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Jan 31, 2013
01/13
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MSNBCW
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. >>> this afternoon, the senate decides whether to raise the debt ceiling for the next four months. in the bill, an interesting provision that with holds member's pay if they fail to pass a budget by april 15th. >>> president obama's popularity is on the rise. a "washington post" poll found his favorability rating at 60%. that's a three-year high. 37% had an unfavorable view. >>> david visitor is dismissing a bipartisan proposal on immigration reform. and vitter went after florida senator marco rubio calling him amazingly naive to believe the plan would not amount to amnesty. >>> lamar alexander of tennessee talked to chuck todd on "the daily rundown" about gun control and video games. take a listen. >> i think video games is a bigger problem than guns because video games affect people. but the first amendment limits what we can do about video games. the second amendment to the constitution limits what we can do about guns. >>> senator john mccain appeared at a breakfast in washington where he told a joke about himself and the low approval ratings of his colleagues. >> a guy ran up
. >>> this afternoon, the senate decides whether to raise the debt ceiling for the next four months. in the bill, an interesting provision that with holds member's pay if they fail to pass a budget by april 15th. >>> president obama's popularity is on the rise. a "washington post" poll found his favorability rating at 60%. that's a three-year high. 37% had an unfavorable view. >>> david visitor is dismissing a bipartisan proposal on immigration reform. and...
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Feb 4, 2013
02/13
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CURRENT
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it is an interesting piece about this fearmongering and screaming we did debt ceiling hostage crisis and all of that stuff. anyway, so not to discount your fear that we're going to be overtaken. >> well, yeah. that's paranormal. >> stephanie: we'll talk about this and much more as we continue. 19 minutes after the hour. it is "the stephanie miller show." >> announcer: funny how. funny like she's a clown. like she's here to amuse you. it's the "the stephanie miller show." he was a comedy genious. addicted to the spotlight and living too close to the edge. of all the hours in all his days, these are the ones you'll never forget. ♪ bad, bad ♪ >> stephanie miller. ♪ baddest girl ♪ ♪ in the whole damn town ♪ ♪ badder than king kong ♪ ♪ meaner than a junkyard dog ♪ >> stephanie: it is "the stephanie miller show." welcome to it. 24 minutes after the hour. 1-800-steph-12 the phone number toll free from anywhere. jake with the president carney. >> we created 2.2 million now with the revisions jobs in 2012. that means that we have been moving in the right direction when it
it is an interesting piece about this fearmongering and screaming we did debt ceiling hostage crisis and all of that stuff. anyway, so not to discount your fear that we're going to be overtaken. >> well, yeah. that's paranormal. >> stephanie: we'll talk about this and much more as we continue. 19 minutes after the hour. it is "the stephanie miller show." >> announcer: funny how. funny like she's a clown. like she's here to amuse you. it's the "the stephanie...
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the last time the debt ceiling fight, president obama got what he wanted by refusing to negotiate. now the top republican up here on capitol hill john boehner is taking the hard line and letting the president know it. president obama was rallying democrats for the battle over defrs cuts when house republicans sent him a message. the symbolic vote he detail how he would cut the deficit to avoid the automatic spending cuts next month. >> mr. president, you missed the deadline again. let's see your plan. let's show it to the american people and have the discussion about the proper way to manage down this debt and deficit. >> reporter: without a budget deal on march 1st so-called sequestration will force reductions in military training, cutbacks in operations, and layoffs of civilian pentagon employees plus civilian defense contractors. >> it's an idiotic management nightmare to try to run a complex sophisticated, long-term program when you have short-term, massive cuts. >> reporter: deep cuts also loom in social services. outgoing defense secretary panetta slammed democrats and republ
the last time the debt ceiling fight, president obama got what he wanted by refusing to negotiate. now the top republican up here on capitol hill john boehner is taking the hard line and letting the president know it. president obama was rallying democrats for the battle over defrs cuts when house republicans sent him a message. the symbolic vote he detail how he would cut the deficit to avoid the automatic spending cuts next month. >> mr. president, you missed the deadline again. let's...
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Feb 6, 2013
02/13
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WJLA
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so they've passed a law to temporarily not enforce that debt ceiling until may. so two big deadlines. march 1 and may 18. >> we do a lot of kicking the can. but almost always they come to a resolution in the 11th hour, like karen said. and there is some encouraging news, 157,000 new hires in january is not what they were expecting. so there some encouraging news out there. we don't have to panic. but we do need to get our pocketbooks in check. and our government has a hard time doing that. >> just because the dow is over 14,000, that's a great sign. people forget those days, 6,500 when we were at the worst of the crisis, so to be over 14,000 right now is a big deal. so we'll see what's next. >> right. let's get this going. >>> federal prosecutors are going after the huge ratings agency standards and poors with connection to the mortgage meltdown. the justice department claims that s&p kept giving top ratings to investments it's own analysts warned were two risky. >> while big bankers and lenders built mortgaged backed bombs, it was s&p's faulty ratings that deton
so they've passed a law to temporarily not enforce that debt ceiling until may. so two big deadlines. march 1 and may 18. >> we do a lot of kicking the can. but almost always they come to a resolution in the 11th hour, like karen said. and there is some encouraging news, 157,000 new hires in january is not what they were expecting. so there some encouraging news out there. we don't have to panic. but we do need to get our pocketbooks in check. and our government has a hard time doing...
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Feb 6, 2013
02/13
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WTTG
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that was an exchange for republicans agreeing to raise the debt ceiling. and january 1st, the fiscal cliff deal, decided to push it off for 60 days and now here we are. under the terms of the earlier budget deals, now must find $85 billion somewhere by march 1st otherwise pentagon spending will shrink. and medicare will take a 2% reduction. the president and democrats prefer an option that raises more money by closing tax loopholes. republicans want to stick with spending cuts saying they've already agreed to tax hikes. 448,000 jobs in dc, maryland and virginia could be affected. concerned about the impact on our economy. >> sequestration will hurt not only the defense side but the nondefense side. my committee funds the fbi. there will probably be furloughs at the fbi and the national cancer institute, nih. defense and nondefense. >> that hurts the broader economy. people are concerned about their jobs and don't know the impact on their bank accounts. that holds them from spending on movies and restaurants and theaters. thinks he has time to buy a little
that was an exchange for republicans agreeing to raise the debt ceiling. and january 1st, the fiscal cliff deal, decided to push it off for 60 days and now here we are. under the terms of the earlier budget deals, now must find $85 billion somewhere by march 1st otherwise pentagon spending will shrink. and medicare will take a 2% reduction. the president and democrats prefer an option that raises more money by closing tax loopholes. republicans want to stick with spending cuts saying they've...
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Jan 31, 2013
01/13
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CNBC
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the bill won't technically raise the debt ceiling, but it will suspend it until may 19th when it will be raised by the amount that the treasury borrows in the interim. that's how it's going to work. and markets, as we've been talking about on a tear this month with the dow having its best january in decades. but will yesterday's surprising drop in gdp reign in the bulls, it says here? let's get a read on the state of the economy. at least it wasn't a -- that kind of rein. there's three of them. anyway, joining us for the next hour is bob bruska. that's fao -- >> no. you cannot. >> fao economics. as becky said at the top, things are going to go really well or the market is going to have an '87 crash. >> i like the binary outlook. >> everything you said was so good until you gout to that point. >> he usually wears one of these very clever ties. >> i'm not going to give him any -- >> there you go, joe. >> you didn't forget because you are getting up there. >> up there? >> close to his age. >> i have to put it out the night before. >> i lay my clothes out the night before, too. >> do you,
the bill won't technically raise the debt ceiling, but it will suspend it until may 19th when it will be raised by the amount that the treasury borrows in the interim. that's how it's going to work. and markets, as we've been talking about on a tear this month with the dow having its best january in decades. but will yesterday's surprising drop in gdp reign in the bulls, it says here? let's get a read on the state of the economy. at least it wasn't a -- that kind of rein. there's three of them....
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Feb 5, 2013
02/13
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ceiling and that is no way to govern the country. i am hopeful that new labels will give us a way to govern the country where we start out at least bleeding in trusting the other members across the aisle have come to congress for the same reason we have. >> what can you do to bring about a more thoughtful, pragmatic congress? i want to throw out three ideas that are beyond the scope of what knolls febles has taken on. -- no labels has taken on. it was not perfect. we have 150 saved seats. they fear their primary. number two, money. and sentence. the creation of money is one of the threats to democracy. where incentivize to do crazy things. i give two examples last night. when the season the outrageous on the floor, when a republican member calls the president a liar, when a democratic member says the republican health care program is don't get sick and if you die, die quickly. those statements damage the fabric of our democracy and they raised $1 million in 24 hours. we can do about -- something about those first two. number three is
ceiling and that is no way to govern the country. i am hopeful that new labels will give us a way to govern the country where we start out at least bleeding in trusting the other members across the aisle have come to congress for the same reason we have. >> what can you do to bring about a more thoughtful, pragmatic congress? i want to throw out three ideas that are beyond the scope of what knolls febles has taken on. -- no labels has taken on. it was not perfect. we have 150 saved seats....
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Feb 5, 2013
02/13
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. >> well, the president just signed the bill that raises the debt ceiling. so in an age where these fiscal fights are, they're the same, they're ongoing, they can be insecendiary incendiary, we're always talking about a government shutdown of one kind or another, where does this leave us? >> it leaves us with a bunch of people who just fought the first fight, and the senate democrats are going to annapolis today and tomorrow to try to figure out, how do we move forward? how do we move forward with a budget? how do we move forward on funding the government? both of those things need to be done by april 15th. >> because they have taken some hits. and do they really want to give republicans anymore ammunition? >> that's why they've said, we're going to do a budget. and they were happy to sign the increase, meant they had a deadline of april 15th, where they don't get paid, and they have to get a budget done. >> always a good incentive there. >> so democrats understand that they need that, but this is going to be a partisan document by and large, saying, here's
. >> well, the president just signed the bill that raises the debt ceiling. so in an age where these fiscal fights are, they're the same, they're ongoing, they can be insecendiary incendiary, we're always talking about a government shutdown of one kind or another, where does this leave us? >> it leaves us with a bunch of people who just fought the first fight, and the senate democrats are going to annapolis today and tomorrow to try to figure out, how do we move forward? how do we...
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Jan 30, 2013
01/13
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. >> where were these debates during the debt ceiling? i feel there are no relationships across the aisle. this is, they shouldn't do things so -- >> some relationships in congress -- >> they're doing things so fast, this is setting an excellent precedent for the rest of the agenda. >> the latino voteler flee you. >> thank you. >> in you don't resolve this and take, say a year, the next three years to court that latino voter you'll be in a similar position. >> there's no doubt republicans have not done a good job communicating to latino voters and i will say that, but let me say this, the thing that republicans have to do is seize upon this opportunity to get something done, to show the country that we can work together in a bipartisan fashion, that is what's happening. if we want to see it on the debt ceiling it starts by these things where we can agree, where we can move things forward and as mary said which was a good point, dear, that the president can make the tone, either he can create a battle on this or he can try to bring people
. >> where were these debates during the debt ceiling? i feel there are no relationships across the aisle. this is, they shouldn't do things so -- >> some relationships in congress -- >> they're doing things so fast, this is setting an excellent precedent for the rest of the agenda. >> the latino voteler flee you. >> thank you. >> in you don't resolve this and take, say a year, the next three years to court that latino voter you'll be in a similar position....
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Feb 4, 2013
02/13
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host: some are not strategy as far as moving the debt ceiling ahead. guest: if they had gone ahead with it, it would have been politically cataclysmic. it was the worst percival -- worst possible ground to make their point. president obama 1. i think it's absolutely crucial for the future of the country that you cannot govern from the house. some house republicans, i am sympathetic to their concerns. their enthusiasm try to get in the battle is misplaced. you would have had high-stakes confrontation. in the end, you would have had republicans peeling off. but you would have been, at the beginning, bumping your chest, making all of these demands, saying we're not going to back down. at the end they would cave damn it would have gotten the worst of all possible worlds. there's a lot of frustration in the republican caucus that john boehner has to deal with. i think he did a pretty good job. host: peter wehner, senior fellow at the ethics and the policy center. if you want to find out more about his organization and his writing, visit their web site. comi
host: some are not strategy as far as moving the debt ceiling ahead. guest: if they had gone ahead with it, it would have been politically cataclysmic. it was the worst percival -- worst possible ground to make their point. president obama 1. i think it's absolutely crucial for the future of the country that you cannot govern from the house. some house republicans, i am sympathetic to their concerns. their enthusiasm try to get in the battle is misplaced. you would have had high-stakes...
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Jan 29, 2013
01/13
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CSPAN2
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it is my hope that the debate over the debt ceiling will finally move our friends on the other side beyond their preoccupation with the horse race. already, senate democrats have committed to developing a budget this year after years of ducking their responsibilities to do so. hopefully this will be a serious exercise and not simply an excuse for them to try to raise taxes, which as we all know is just another way to avoid solving core problems. last week i came to the floor with a chart that showed that even if the president got every single tax increase he asked for, every one of them, we would still not evening come close to solving the problem. not even close. so let's not waste time with more pointless argument argument tax increases. we had that debate already. it's done, it's oamplet i call on democrats to approach it seriously and do it with order. we have to break this putting off all important work until the final hour. tweendz get back to regular order and that takes time. & that's why we need to get started right now. let the tough work of developing a budget and putting togeth
it is my hope that the debate over the debt ceiling will finally move our friends on the other side beyond their preoccupation with the horse race. already, senate democrats have committed to developing a budget this year after years of ducking their responsibilities to do so. hopefully this will be a serious exercise and not simply an excuse for them to try to raise taxes, which as we all know is just another way to avoid solving core problems. last week i came to the floor with a chart that...
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Jan 29, 2013
01/13
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ceiling bill that's now come over to the senate, it looks like the senate according to senator murray will now take up a budget. this is important because while republicans believe that spending is the problem not a lack of taxation, it's going to be a revealing exercise to see how this budget markup goes in committee and then, of course, on the floor. and it will be, i'm sure, a challenge for those who believe that more revenue is a solution as opposed to reining in spending to see how senate democrats produce 51 votes to pass a budget by the april 15th deadline. >> senate republicans just released a video that highlights the president's past statements when it comes to tackling the debt and his actual record when it comes to tackling the debt. and when out comes to reducing the debt as we would say out in the west, the president has been all hat and no cowboy. in other words, he's been all talk and no action. what we've seen over the past four years as trillion dollar deficits every single year, the debt has ballooned by 50%, and so the president's record and his rhetoric just don't
ceiling bill that's now come over to the senate, it looks like the senate according to senator murray will now take up a budget. this is important because while republicans believe that spending is the problem not a lack of taxation, it's going to be a revealing exercise to see how this budget markup goes in committee and then, of course, on the floor. and it will be, i'm sure, a challenge for those who believe that more revenue is a solution as opposed to reining in spending to see how senate...
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Jan 31, 2013
01/13
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CURRENT
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you hear talk about it's immigration, guns, global warming or it's the deficit, or the debt ceiling or whatever. it has been a long time since i heard people here in the congress or even from the white house talk about jobs. what is happening on the jobs front out there? it is getting any better? >> we see only a marginal improvement in some sectors of the manufacturing economy, but there's tremendous pressure upon employers right now uncertain about the economic condition of this country and the follies of our congress, not to be able to make a decision on this so they are withholding investment. they are sitting on piles of cash that could be plowed -- >> bill: still today? >> today. that could be plowed into reinvestment to produce products america needs and the rest of the world. >> bill: have the employers realized they can make more money with fewer employees and that is why they are not hiring? this has been going on for a while, right? >> it's oftentimes i criticize the business community for being such short-term thinkers. it's the bottom line on the quarterly if not monthly o
you hear talk about it's immigration, guns, global warming or it's the deficit, or the debt ceiling or whatever. it has been a long time since i heard people here in the congress or even from the white house talk about jobs. what is happening on the jobs front out there? it is getting any better? >> we see only a marginal improvement in some sectors of the manufacturing economy, but there's tremendous pressure upon employers right now uncertain about the economic condition of this country...
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Jan 30, 2013
01/13
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CNBC
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>> the sequester, next debt ceiling debate, a number of items that might send the market 10% lower. >> that's true but i have too much money to think about policy and not enough thinking about the fundamentals. >> 90% of hedge funds conform the market. the stock market was up 7% and the hedge funds averaging 8% or show. lot of that average performance came from worrying about these speed bumps. >> you can argue they were hedged. >> that might be. >> if you and andrew have never seen a period 800 on the dow, then 1200, then 3200, then 4200, then 6200, that was unbelievable to watch for 20 years. if you've never seen that, you have no input or experience on how that feels or work out, right? that would be a whole new dynamic -- >> i wasn't alive. >> i know. when that gets gone -- >> there's not enough research to support that point, the way people experience things in 20s and 30s it's with them their whole lives. joe and i think the bull market is normal and you guys think they're abnormal. >> if you haven't been through that -- >> when i go meet with clients on the younger side of thin
>> the sequester, next debt ceiling debate, a number of items that might send the market 10% lower. >> that's true but i have too much money to think about policy and not enough thinking about the fundamentals. >> 90% of hedge funds conform the market. the stock market was up 7% and the hedge funds averaging 8% or show. lot of that average performance came from worrying about these speed bumps. >> you can argue they were hedged. >> that might be. >> if you...
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Feb 2, 2013
02/13
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MSNBCW
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we did not go over the fiscal cliff and we did not hit the debt ceiling. evidence is piling up. >> that's true. here is the thing that struck me about hagel hearings, it seemed at times that chuck hagel was surprised that these people were not happy with him. it's as if he did not read a newspaper in month. >> his response to the surge question. mccain is the biggest supporter of the surge, he led it. chuck hagel disagreed and mccain seems to be right. and hagel looked surprised by the question. in defense of molly's story and washington is getting better. that was not about dysfunction of washington, the two of them just do not like each other. that has nothing to do do with the broader things washington. the issue matrix is changing a bit. what we with saw in 2009 and 2010, when health care and economy were on the table, those are where the parties are fundamentally divided. that is going to be true. but the immigration, there's not the same divide with them. so it's not a polarizing issue with john kerry. part of the reason we are seeing less dysfunctio
we did not go over the fiscal cliff and we did not hit the debt ceiling. evidence is piling up. >> that's true. here is the thing that struck me about hagel hearings, it seemed at times that chuck hagel was surprised that these people were not happy with him. it's as if he did not read a newspaper in month. >> his response to the surge question. mccain is the biggest supporter of the surge, he led it. chuck hagel disagreed and mccain seems to be right. and hagel looked surprised by...
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Jan 30, 2013
01/13
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washington raised the debt ceiling at least temporarily. home sales are up, home prices up 5.5% from a year ago. the economy is still growing at a relatively slow pace. the monthly jobs report due out friday is expected to show that the unemployment numbers have not budged. >>> now to a developing story overnight. a new doping scandal in sports. this time, major league baseball. officials are investigating a report in a florida newspaper that claims that yankees star alex rodriguez, nationals pitcher gio gonzalez, and four others were sold performance-enhancing drugs in the last four years by a clinic in florida. gonzalez and rodriguez have already issued statements denying links to the clinics. our sources at espn with saying the yankees are now trying to void the remainder of alex rodriguez's contract. >>> a new revelation in the dreamliner investigation. the plane has been grounded. we've learned boeing was told about repeated problems with the batteries months before one of them caught fire in boston. however, safety regular lay laters
washington raised the debt ceiling at least temporarily. home sales are up, home prices up 5.5% from a year ago. the economy is still growing at a relatively slow pace. the monthly jobs report due out friday is expected to show that the unemployment numbers have not budged. >>> now to a developing story overnight. a new doping scandal in sports. this time, major league baseball. officials are investigating a report in a florida newspaper that claims that yankees star alex rodriguez,...
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Feb 1, 2013
02/13
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. >> with the fiscal cliff and debt ceiling and trying to get bipartisan, but over here is something called poverty, 50 million americans and racial disparity and cities collapsing and the like. i'm going to make the case we should build america an urban infrastructural bank for the purpose of long-term loans. we do it in europe and japan. and no other country charges people to repatriate their money once they pay taxes in that country. but we do. but if we, in fact, took a portion of that money, part for research and development and part of it for an institutional bank, you could do what banks are not doing, and that's invest in these downtrodden areas of our country. >> gillian, we've been talking about it for years, trillions of dollars sitting on the sidelines not coming back to america. how do we get it back here? >> almost $2 trillion. you've got average household earnings down over the past four years, poverty is up. we need this money working in our economy. how do we get it here? >> absolutely. i think the reverend's idea is very interesting because right now many of the com
. >> with the fiscal cliff and debt ceiling and trying to get bipartisan, but over here is something called poverty, 50 million americans and racial disparity and cities collapsing and the like. i'm going to make the case we should build america an urban infrastructural bank for the purpose of long-term loans. we do it in europe and japan. and no other country charges people to repatriate their money once they pay taxes in that country. but we do. but if we, in fact, took a portion of...
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Feb 2, 2013
02/13
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s own fight over the debt ceiling. and then we were set to take off, all of a sudden we saw a big tumble in the stock markets and we saw job growth go back down again. i believe in august 2011 the initial report was zero net jobs. now they eventually revised that up to 100,000, but still an amemic growth rate. host: we continue our conversation regarding the 157,000 jobs added in january in the unemployment rate back now at 7.9% with patrick rice of politico. donald from statesville, north carolina is our next caller. donald is on our line for republicans. caller: hey, how you doing. i'm calling from statesville, north carolina, and we got some bad news here. freight liner who was in cleveland, north carolina, is going to lay off 750 employees. trim systems that supported them, they're closing their plant, 65 employees down to two. but here's my question, you know. when they do these job numbers, lowe's down here is going to hire 45,000 part time workers. does that count in the job numbers? or those are not even includ
s own fight over the debt ceiling. and then we were set to take off, all of a sudden we saw a big tumble in the stock markets and we saw job growth go back down again. i believe in august 2011 the initial report was zero net jobs. now they eventually revised that up to 100,000, but still an amemic growth rate. host: we continue our conversation regarding the 157,000 jobs added in january in the unemployment rate back now at 7.9% with patrick rice of politico. donald from statesville, north...
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Jan 30, 2013
01/13
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ceiling. that extra time will give us a chance to break the democrats' other bad habit of leaving everything, literally everything until the last minute. but we can only do it if we get to work now and return to what we call around here the regular order. remember, regular order is how the senate is supposed to function. committees are supposed to be allowed to evaluate legislation. amendments are supposed to be considered, and the public is supposed to have a chance to scrutinize the proposals that are actually before us. look, i know that solving the debt challenge is not going to be easy. putting our country on a sustainable fiscal and economic path is going to require both parties committing to serious spending reforms. but this is a challenge we must overcome. by doing the hard work today, we can avoid a european-style catastrophe tomorrow. by reforming the functions of government that no longer make sense in 2013, we can do more than just control spending. we can encourage private sector
ceiling. that extra time will give us a chance to break the democrats' other bad habit of leaving everything, literally everything until the last minute. but we can only do it if we get to work now and return to what we call around here the regular order. remember, regular order is how the senate is supposed to function. committees are supposed to be allowed to evaluate legislation. amendments are supposed to be considered, and the public is supposed to have a chance to scrutinize the proposals...
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Feb 6, 2013
02/13
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>>gretchen: you say forget the debt ceiling, forget the fiscal cliff. we have a demographic cliff, meaning that we have more older people now to sustain in our society and not enough young people coming up to keep the balance? >> right. that's what happens when you're below the replacement period for a long period of time. you have many more old people, fewer young people to support them. then you have to make choices. do you cut defense, cut benefits for the older people, do you raise taxes on workers? it winds up in a very bad situation. >>gretchen: let's look at the american family size. in the blue line, you're going to see, this is zero to two kids. that's been on the rise. in the red it's three-plus kids, which has been on the decline. i'm in the blue. i have two kids. you're currently in the red. you have three kids. but people having bigger families obviously for a variety of reasons is just not happening. >> it's harder. it's harder for all sofrts of reason -- sorts of reason. take, for instance, college. we are expanding educational opportunit
>>gretchen: you say forget the debt ceiling, forget the fiscal cliff. we have a demographic cliff, meaning that we have more older people now to sustain in our society and not enough young people coming up to keep the balance? >> right. that's what happens when you're below the replacement period for a long period of time. you have many more old people, fewer young people to support them. then you have to make choices. do you cut defense, cut benefits for the older people, do you...